TO THE MOON by Zdorman

19 Mar

The indicator "TO THE MOON by Zdorman" is written in Pine Script version 5 and is designed for volatility analysis, detection of abnormal volumes, and generation of trading signals.

The indicator operates in a separate panel below the chart.

Parameters:

length: The period for calculating volatility.

threshold: The threshold value for volatility. If volatility exceeds this value, the indicator highlights it on the chart.

volume_threshold_multiplier: A multiplier for determining abnormal volumes. The average volume is multiplied by this factor to determine the threshold for abnormal volume.

annualize: An option to annualize volatility. If enabled, volatility is multiplied by the square root of 252 (the number of trading days in a year).

Daily Return Calculation:
The daily return is calculated as the percentage change in the closing price of the current bar relative to the previous bar.

Volatility Calculation:
Volatility is calculated as the standard deviation of daily returns over the specified period.

The ta.stdev function is used to compute the standard deviation.

If volatility exceeds the threshold value, the histogram bars are colored yellow. Otherwise, they are colored blue.

Histogram:

The histogram displays the volatility value.

The display style is columns.

A horizontal line corresponding to the volatility threshold is displayed on the chart.

The line is red and has a dashed style.

Conditions for a "Long" Signal:

Volatility exceeds the threshold value.

The closing price is higher than the opening price.

The volume is abnormal (exceeds the average volume by the specified multiplier).

The indicator supports the creation of alerts for "Long" signals. The alert triggers when all conditions for the signal are met.

Parameter Configuration:

Set the volatility period according to your trading strategy.

Configure the volatility threshold and volume multiplier to filter signals. It is recommended to use the default settings.

Signal Interpretation:

Yellow histogram bars indicate increased volatility.

"Long" signals appear when all conditions are met and can be used as entry points for a position.

The "TO THE MOON by Zdorman" indicator is a powerful tool for volatility analysis and finding market entry points. Its logic is based on a combination of volatility, volume, and price movements, making it useful for traders operating in various markets. Happy trading!https://www.tradingview.com/x/9zdf9uaY/

5 gün önce

Sürüm Notları

We have added a powerful new SUNSET module that provides traders with additional high-probability trading signals.

Key Features of SUNSET:
Dual RSI Strategy:

Uses two modified RSI indicators with different settings:

Banker RSI (more conservative) – Base 50, Period 50

Hot Money RSI (more aggressive) – Base 30, Period 40

Enhanced Signal Filtering:

Weighted smoothing using a combination of SMA, EMA, and RMA

Market volatility analysis via standard deviation of price changes (%)

SUNSET Trigger Conditions:

Banker RSI crosses below 8.5

Hot Money RSI below 18

Smoothed values below their signal lines

Banker RSI below 5

High volatility (above threshold)


Visual Indicators:
"SUNSET" labels (orange) above relevant bars


Customizable Settings:
Traders can adjust:

RSI base levels & periods

Sensitivity for each RSI

Volatility parameters

Threshold values

This function is particularly useful for spotting potential breakouts after consolidation periods, helping traders capitalize on strong market movements.https://www.tradingview.com/x/KCtOhl2O/